Risk of Demand Decline and Business Suspension Due to COVID-19
First written in FY2020. 7 of 16 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2026.
Kanmonkai moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 6 of 13 companies on the "Worse" side.
16 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The business environment surrounding the group showed signs of recovery as social and economic activity returned to normal, while」
The impact of suspended operations and lower demand caused by COVID-19 declined from the previous stage, and the company described a recovery trend accompanying the normalization of social and economic activity. - FY2024-Q3MitigatedAnnual report
「After COVID-19 was reclassified from Category 2-equivalent to Category 5 in May, consumers became more willing to engage in activities, and personal consumption showed signs of recovery.」
The company stated that, after the reclassification of COVID-19, consumer activity and personal consumption recovered and the impact of the risk of lower demand declined. - FY2024-Q1MitigatedAnnual report
「During the first quarter cumulative consolidated period, COVID-19 was reclassified from Category 2-equivalent to Category 5, increasing consumers' willingness to spend, and store revenue showed signs of recovery.」
The impact of the risks of lower demand and suspended operations declined from the previous fiscal year as COVID-19 was reclassified to Category 5 and consumer spending recovered. - FY2023MitigatedAnnual report
「During the consolidated fiscal year, the group continued to face difficult conditions due to the impact of COVID-19, as in the previous consolidated fiscal year. However, demand for eating out showed signs of recovery as restrictions on movement were eased.」
Although the pandemic continued to have an impact, demand for eating out, same-store revenue at directly operated stores and operating income recovered as restrictions on movement were eased. The impact of suspended operations declined from the previous fiscal year. - FY2023-Q3MitigatedAnnual report
「During the third quarter cumulative consolidated period, stores were operating normally, but demand for eating out remained in the process of recovering as COVID-19 continued to cycle between spreading and subsiding. Revenue nevertheless remained below the level before the spread of COVID-19,」
The impact of suspended operations declined as the company operated normally and the government and local authorities lifted restrictions on movement. However, demand for eating out and revenue remained below pre-pandemic levels. - FY2023-Q2Recovery stalled due to the seventh wave despite normal operations.Annual report
「During the second quarter cumulative consolidated period, stores were operating normally, but revenue remained in the process of recovering due to the decline in demand for eating out caused by the seventh wave of COVID-19. Revenue remained below the level before the spread of COVID-19,」
The impact declined because the company operated normally without temporary closures or reduced operating hours. However, the decline in demand for eating out caused by the seventh wave kept revenue below pre-pandemic levels and recovery incomplete. - FY2023-Q1MitigatedAnnual report
「During the first quarter cumulative consolidated period, the group did not temporarily close its stores, but inbound travelers and large banquets remained in the process of recovering. COVID-19 continued to cycle between spreading and subsiding, and revenue remained below the level before the spread of infection. Events or conditions therefore existed that raised significant doubt about the going-concern assumption.」
The company resumed normal operations without temporary closures, and revenue was recovering, so the impact of suspended operations declined from the previous fiscal year. However, revenue remained below pre-pandemic levels, and significant events remained. - FY2022WorsenedAnnual report
「During the consolidated fiscal year, COVID-19 continued to spread intermittently due to the emergence of variants and other factors. As a result, declarations of a state of emergency and requests to shorten operating hours led to intermittent suspensions of operations, reduced operating hours and restrictions on serving alcoholic beverages. With the downturn in demand for eating out continuing for an extended period, difficult conditions persisted for the group throughout the year.」
The effects of variants, declarations of a state of emergency, reduced operating hours and restrictions on serving alcoholic beverages continued throughout the year, and the decline in store demand persisted. - FY2022-Q3WorsenedAnnual report
「During the third quarter cumulative consolidated period, the group continued to be affected by the spread of COVID-19. Temporary closures, reduced operating hours and restrictions on serving alcoholic beverages resulting from the voluntary suspension of operations at stores, including franchise locations, continued. Although a sharp decline in infections since October provided signs of recovery, revenue declined substantially and events or conditions existed that raised significant doubt about the going-concern assumption.」
Although the decline in infections provided signs of recovery, voluntary suspensions of operations, temporary closures, reduced operating hours and restrictions on serving alcoholic beverages continued, and revenue declined substantially. A renewed spread caused by new variants is also a concern. - FY2022-Q2WorsenedAnnual report
「Compared with the second quarter of the previous fiscal year, the decrease in total operating days, down 28.0%, and the suspension of alcohol service had a significant impact. Although the Company worked to increase sales by strengthening delivery and takeaway offerings, existing-store sales at company-operated stores fell 36.4% year on year.」
The prolonged COVID-19 pandemic continued to reduce the number of operating days, restrict the serving of alcoholic beverages and depress store revenue. Same-store revenue at directly operated stores declined 36.4% year on year. - FY2022-Q1RestatedAnnual report
「During the first quarter cumulative consolidated period, the group continued to be significantly affected by COVID-19 from the previous fiscal year. At its stores, it operated with temporary closures and reduced hours in light of the government's declaration of a state of emergency and the implementation of priority preventive measures, among others, as the infection spread. Together with restrictions on serving alcoholic beverages, this resulted in a substantial decline in store revenue compared with before the spread of COVID-19.」
The substantial impact on store revenue from the declaration of a state of emergency, priority preventive measures, temporary closures, reduced operating hours and restrictions on serving alcoholic beverages has continued. - FY2021WorsenedAnnual report
「During the consolidated fiscal year, as COVID-19 spread worldwide, the group was forced to suspend operations or reduce operating hours throughout the year due to the declaration of a state of emergency and requests to shorten operating hours issued as measures to prevent the spread of infection. Difficult conditions therefore continued throughout the year.」
The impact of the pandemic extended throughout the year, including the peak season. Revenue was ¥2,634 million, down 41.1% from the previous fiscal year, while revenue from directly operated stores declined 49.6%. - FY2021-Q3WorsenedAnnual report
「During the third quarter cumulative consolidated period, the group was affected by the spread of COVID-19 and temporarily closed stores, including franchise locations, and reduced operating hours as part of its voluntary suspension of operations. In addition, the resurgence of COVID-19 affected operations. As a result, revenue declined substantially, and events or conditions existed that raised significant doubt about the going-concern assumption.」
In addition to temporary closures and reduced operating hours, infections resurged, resulting in a 45.3% year-on-year decline in revenue. The risk of lower demand and suspended operations worsened further. - FY2021-Q2WorsenedAnnual report
「During the second quarter cumulative consolidated period, the group was affected by the spread of COVID-19 and temporarily closed stores, including franchise locations, and reduced operating hours as part of its voluntary suspension of operations. As a result, revenue declined substantially, and events or conditions existed that raised significant doubt about the going-concern assumption.」
Temporary closures and reduced operating hours continued into the second quarter. Revenue declined 66.0% year on year, while same-store revenue at directly operated stores declined 73.4%. The risk of lower demand and suspended operations due to COVID-19 worsened. - FY2021-Q1WorsenedAnnual report
「During the first quarter cumulative consolidated period, the group was affected by the spread of COVID-19 and temporarily closed stores, including franchise locations, and reduced operating hours as part of its voluntary suspension of operations. As a result, revenue declined substantially, and events or conditions existed that raised significant doubt about the going-concern assumption.」
Temporary store closures and reduced operating hours continued, resulting in a substantial decline in revenue. The impact was quantified as a 90.9% decrease in same-store revenue at directly operated stores and an 81.5% decrease in consolidated revenue. - FY2020First statedAnnual report
「Since late January, revenue has declined due to a decrease in inbound travelers caused by COVID-19, a sharp drop in banquet demand, and the temporary closure of stores. Since April, temporary closures, reduced operating hours and other measures to prevent the spread of infection have continued to affect operations. Even after the pandemic subsides, domestic banquet demand and inbound travelers are unlikely to recover quickly.」
The company has, for the first time, separately disclosed the actual occurrence of lower inbound and domestic banquet demand, temporary store closures and reduced operating hours due to COVID-19, as well as the risk of a delayed recovery.